Mensajepor BETO1962 » Mar Abr 17, 2012 9:31 am
S&P 500 Index futures (/ES) are pointing to a higher open as earnings season gets into full swing. The earnings reports thus far have been a mixed bag. Several large corporations, including Johnson & Johnson (JNJ), Coca-Cola (KO), and Goldman Sachs (GS), reported quarterly results this morning. Goldman shares are lower in the pre-market after reporting higher results but lower revenue versus a year ago. Both KO and JNJ are higher ahead of the bell after both Dow Jones Industrial average components beat expectations. Investors will also be waiting for the release of several economic data points, including housing starts, building permits, industrial production and capacity utilization. The CBOE Volatility Index (VIX) finished the session completely flat but briefly touched above the psychological $20 level. It is option’s expiration this week so we could see some potential increased volatility heading into Friday. On the corporate front, shares of Apple (AAPL) fell sharply and are lower by 10% in the last week. The shares make up almost 20% of the Nasdaq 100 index so the stock has strongly influenced the entire sector the last few sessions. Europe rose today as Spanish yields fell and Germany reported better than expected investor sentiment. Spain has two debt auctions this week starting today which could rile the markets. Earnings from market bellwether’s International Business Machines (IBM) and Intel (INTC) are due after the close of today's trading session.
07:30 am CT - Housing Starts
08:15 am CT - Industrial Production
Earnings today: GS, KO, JNJ, CREE, INTC,